Government spending programs that create jobs are often popular because
What will be an ideal response?
the created jobs are highly visible, while the secondary effects of lost jobs in other areas, higher interest rates, and higher future taxes are less visible.
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Which of the following holds the reserves of private banks in the United States?
A) The Treasury Department B) The Fed C) The Pentagon D) Various venture capitalists
The marginal product of any factor of production depends on
a. the quantity of the factor used. b. the price of the final good. c. the demand for the final good. d. All of the above are correct.
A monopolistic competitor would face a demand curve with a
A. slope equal to 0. B. positive slope. C. negative slope. D. constant slope.
In Figure 5.7, assuming perfect competition, at MR4 there will be 
A. no pressure on the price to change. B. short-run pressure on the price to fall. C. long-run pressure on the price to fall. D. short and long-run pressure on the price to fall.